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20121212
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Search Results 0 to 49 of about 74 (some duplicates have been removed)
MSNBC
Dec 12, 2012 1:00pm PST
that means? we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he had a bit of t
FOX Business
Dec 12, 2012 4:00pm EST
because they're going to solve the fiscal cliff issue, but after it is done you will see some serious selling pressure here. david: we will come back to you when the s&p futures close to get a peek into what might happen tomorrow. liz: what an interesting day with bizarre behavior with the market. senior managing director joining us along with profits investors and portfolio manager. you have been a little bit more bearish all along, but i guess any downside to what you see the fed announced today, people worried about tying into the 6.5% unemployment, are we missing something here? >> the fed is being way too transparent. liz: do you think he talks too long? >> he had the stage and everybody will be paying attention to every utterance, but the half-life is getting shorter and shorter. this one is an hour or two. so far the annual yearly high. i expect that we'll still be the annual high, and i expect we will have challenges from here because the fed is giving up the ghost on the political forces fixing anything substantive on the fiscal side and giving up in terms of the economy itself so now the fed is in total contrrl. that is a
Comedy Central
Dec 12, 2012 1:30am PST
know in a few short weeks the fiscal cliff is coming to town ♪ merry cliffmas! (laughter) and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president is asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. (laughter) (cheers and applause) what happened, is it over? (bleep) oak, folks, i'll admit it. i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1, automatic spending cuts will kick in and plunge america into a second recession things are not looking too good. >> in washington, a fly in the ointment. debt deal negotiations h
MSNBC
Dec 12, 2012 8:00am PST
closer to a deal. 20 days, that's it from the brink and the fiscal cliff is coming quickly at us. it's doing definite damage to boehner's brand. a new "washington post"/abc poll showing voters overwhelmingly disapprove of boehner's handling of the fiscal talks. it's an even split on the president. who is still sticking to his guns, urging the gop to pass tax cuts for the middle class by christmas? >> taxes are going to go up one way or the other. i think the key is to make sure that taxes go up on high end individuals like you and me. we can afford it. it is entirely possible for us to come up with a deal but time is running short. >> right to work is wrong! >>> our other story developing in michigan today, where labor unions are considering a large scale counter offensive. the home of the uaw is now the first blue right to work state after a pair of bills were signed into law by governor rick snyder who appeared on msnbc's "morning joe" today. >> i believe this is pro-worker. because the way i view it is workers now have freedom to choose. this does not deal with organizing at all. th
MSNBC
Dec 12, 2012 9:00am PST
crunch period. do the minimum that is possible now to stop us falling over the fiscal cliff, then when it comes to actual tax reform later next year, that will be the white house opportunity. democrats are saying we don't buy that. we're going to do it now, a majority. country supports us doing it and we're going to do it right now. it's a little bit the inverse of the republican argument that if we give you tax hikes now, how do we know we're getting the spending cuts later. democrats are saying the same thing, but in reverse. >> they feel they have the wind in their sails, not only because of the election, but people talk about debt ceiling being leverage. it would not be good for their party. >> that's exactly right. >> let's hear from jen first, ezra. i have a policy question for you. >> i think the debt limit is something that republicans are willing to put out there and hold over the democrats' head, as crazy as that is, but at the same time, there are a couple of dynamics, political dynamics, going on here. one, if you look at the exit polling from the election, it's not just that democrats
CNN
Dec 12, 2012 2:00am PST
. >>> the phone lines are open. coming up, more fiscal cliff talks between the two most powerful men in washington right now. >>> plus, he was supposed to be parking an nfl star's car, but he made a bit of a detour. this is like ferris buehler's day off. amazing story. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i just finished a bowl of your new light chicken t pie soup and it's
FOX Business
Dec 12, 2012 6:00pm EST
willis, less than 3 weeks before u.s. falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses have been. again, you know, not just tax rates it is authentic spending cuts, if we don't find a way to fa
CSPAN
Dec 12, 2012 6:00am EST
the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not raise taxes. that is one of the reasons it is hard to move toward. -- for word. there are a number of revenues that would be acceptable to conservatives. the first one is one that speaker boehn
KRON
Dec 12, 2012 6:00am PST
ignoring the fiscal cliff that is coming out in concentrating on the federal reserve. the fed is wrapping up a two day policy meeting and expected to make an announcement of what they plan to do at 930 this morning. the fed will keep pumping $95 billion a month into the u.s. economy and buying treasury and mortgage-backed securities. we have the dow 79 points yesterday and right now the future is up 15 at the opening bell. >> the highest tide of the year is going to hit sampras's go bay and nearby beaches this week. it is called the king tied. we would turn you into jackie sissel who joins us live from pacifica. any site yet? >> it is coming. (laughter) at 945 this morning is when we will see it. it is not just today, for the next three days. we was seeking tide that has to deal with the sun and moon and the gravitational pull. we have extremely high tide to cross the bay area for the next couple of days. low-lying areas, you'll see a lot of the coastal flooding. here at the pacific appear we can see the waves almost hit the sea wall. we will probably say, i have to be careful out here. a
CNBC
Dec 12, 2012 4:00pm EST
, that did that. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to deal with it if we go over it. that was a approximate stocks started moving down and secondly, the 6.5% unemployment rate. that's got a lot of people talking down here that we may be closer to that than a lot of people think. >> bob, that's only because people are leaving the workforce. that's how we're going to get there. if everybody decides to stop looking for work and stay home and watch soap operas then we'd have an unemployment rate of zero. >> that could be a factor in their decision making, i'm sure it will be, but i'm using the numbers actually out there, 6.5%. that number may be hit a little bit sooner. >> he said he was not going to stick to that if people keep leaving the workforce. >> right, just a guidepost, not a hard target. >> stephanie or randy, you know, another market that moved today was gold. >> yeah. >> moved higher after the fed's announcement. there are those who feel as they keep the rates this low for th
FOX News
Dec 12, 2012 2:00pm PST
time, the fiscal cliff. the only way you really talk about the fiscal cliff, might be this way. >> fiscal cliff, you know the time has come ♪ ♪ and it won't be sparing anyone ♪ ♪ you'll see ♪ you'll see >> eric: you accept it for me on twitter. i love it. keep it coming. >> bob: who is that? >> eric: todd chappelle. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this yea
MSNBC
Dec 12, 2012 3:00am PST
twinkle in little children's eyes because they know that in just a few short weeks, the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our
MSNBC
Dec 12, 2012 2:00pm PST
the twinkle in children's eyes because in just a couple weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >> also what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happen. >> mourdock's popularity plummeted after that. now he's trying to pay d
FOX
Dec 12, 2012 12:00pm PST
cliff inches closer, we will have an update on the progress coming to an agreement. >>> it is a rush to the altar. some believe it is extra lucky to tie the knot today. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! . >>> stocks are mixed. and the federal reserve said it is slightly growth ahead and from current levels. look at the big four. dow is up nasdaq down seven. s&p up three. >>> don't make plans from
CNBC
Dec 12, 2012 1:00pm EST
about the fiscal cliff and innovation coming up after the break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of o
CSPAN
Dec 11, 2012 8:00pm EST
, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defense, which is one of the major expenditure items but that's not the subject for tonight. tonight, the subject is medicare and medicaid. the medicare program is a big one and it certainly is a program that's expensive and is a program that has grown on the average faster than inflation. but in the last two years, that's not the case. and we'll discuss that in more detail later. in fact, medicare has fallen below the general rate of health care inflation. let's talk about what we can do about medicare instead of saying what we ought not do, we are going to start this discussion talking about what we can do and the president has put out several ideas that deserve the attention of the 435 members of this house and the 100 senators. because there are things that really can be done immediately to significantly reduce the cost of medicare. just in listening to my colleagues here on the floor discuss the departure of some extraordinary
FOX Business
Dec 12, 2012 1:00pm EST
expectation of the fund rate especially if we wind up going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a job for six months or more. millions more who say they would like full-time work an have only found part-time employment or stop looking entirely. the conditions in the job market now show waste of human and economic potential. return to broad-based prosperity will require sustained improvement in the job market which in turn requires stronger economic growth. meanwhile apart from some temporary fluctuations largely reflected swings in energy prices, it is likely to run at or below the federal market committee's 2% objective in coming quarters over the longer term. against a macroeconomic backdrop includes high unemp
CNBC
Dec 11, 2012 11:00pm EST
out. >> fedex is reporting record holiday package shipments. with the fiscal cliff looming, do you think that will carry their shares into the next point? >> we were going back and forth after a very frustrating day where dollar general blew up. how come fedex acts badly? maybe that wasn't such a good day yesterday for federal express and for urgent mail. but we are holding onto it for now. every stock has been tipping itself lately. you know, i like companies so much more than congressmen. it is going to be very hard for democrats and republicans to compromise. i cannot blame people for being cautious. i did get a lot of good vibes about no legislation and you know what, i learned that i think ceos are better. "mad money" will be right back. coming up, mission critical. washington holds the market hostage. cramer is turning to north dakota for the latest. holiday hustle. while registers are ringing, others are left out in the cold. tonight, an exclusive look at luxury with the ceo of saks fifth avenue. but investors cooled on the stock and sent its shares into the fryer, is this a value meal or has wall street lost its appetite for fast food? don't miss cramer's take, just ahead. all coming up on "mad money." >>> everybody is fretting abou
Current
Dec 12, 2012 2:00pm PST
surplus. maybe congressional republicans dealing with the fiscal cliff should take note. coming to us from sacramento is the former california state treasurer that lead the commission that was tasked with figuring out the financial meltdown. welcome inside "the war room." >> good to be with you. >> jennifer: all right. what do you credit the expected surplus to? growing economy? prop 30? what is it? >> the economy is beginning to inch back in california but prop 30 obviously had a huge impact. what has been happening in california now for many years is the tide has turned away from the jarvis stage. local tax and bond measures have been passing all over the state where local leaders have had the courage to go to their residents and make the case for better schools, transportation and public safety. 70% of the school bond measures which are increases in local property taxes passed. 80% in 2012. this has been going on for more than a decade and part of the reason i think we haven't seen it at the state or national level, is leaders had been timid to make the ask, and after many years of not
CNN
Dec 12, 2012 1:00pm PST
states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up. and sometime
CNBC
Dec 12, 2012 2:00pm EST
that fiscal cliff, if the folks in washington can't get their act together? >> well, i come from a part of south carolina which has been economically challenged for quite a long time and remains so. certain parts of south carolina have developed pretty strongly. but the part where i come from, mostly agricultural, mostly manufacturing, has a very high unemployment rate, high foreclosure rate and people are having a hard time there. i've visited there a few times since i became chairman. so part of the reason that we are engaging in these policies is to try and create a stronger economy, more jobs, so that folks across the country, the o where i grew up, you know, will have more opportunity to have a better life for themselves. that's extremely important, and i think it's very important that we not just look at the numbers. it's easy toe look at unemployment rate and say, well, it's 0.1%, 0.2%, one-tenth many, many people are represented there so it's very, very important to try to keep in mind the reality of unemployment, of foreclosure, of weak wage growth, et cetera, so we always
MSNBC
Dec 12, 2012 2:30am PST
this one? the phrase fiscal cliff, i'm over it, time's up, date reached on the expiration, nails on the chalkboard annoying. can't we be a little more creative? this is where you come in. e-mail your alternative to the phrase "fiscal cliff," and i'll use the best one tomorrow on our show. we won't use fiscal cliff, i promise. so far, my best, budgetary bluff? yeah, the bar's been set very low. >>> up next, we'll huddle around the water cooler, where jon stewart stepped out of his comfort zone with an eminem-inspired rap for the michigan protesters. >>> well, enough with the real news. let's gather around the water cooler. and first, a little moment of silence. louis louis, who wouldn't miss a second of on-camera opportunity has been talking to the porcelain god all night. not sure why. we wish you the best, louis. see you tomorrow morning. >>> well, a day like today won't come around for another 89 years. it's 12/12/12. no, it's not a sign of the apocalypse, but this date is very special. it's the last triple-digit repeating date of the century. a record number are getting married today because of the luck of the day. allegedly, more than 7,000 couples will tie the kn
FOX News
Dec 12, 2012 8:00am PST
fiscal cliff one key stumbling block is trying to reach a deal when it comes to spending. when we look at spending we look at things like food stamps. we'll look at the price tag for this safety net program and how it plays into the national debate on debt. >>> plus, some bombshell developments in michigan as governor rick snyder okays new right to work laws. what it means for organized labor. the future of unions in this country as well as our economy next. it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. jenna: new information own the record number of americans using food stamps. t
MSNBC
Dec 12, 2012 6:00am PST
president's schedule. it's another one of these quiet days. no fiscal cliff photo opes today. the fewer supposedly the better news when it comes to the republicans and the president cutting a deal. we will see if they are right. you are watching t"the daily rundown" only on msnbc. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! [ male announcer ] we began serving handcrafted coffees in seattle, and people seemed to like it. so we wondered -- where else could we take this? ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until now. our lattes, espresso and brewed coffee, now in your home from a machine like no other. and now $50 off through january 1st. the verismo® system, by starbucks. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold
CNBC
Dec 12, 2012 6:00am EST
about the fiscal cliff? i bet he wants to rise above. find out your next question on "squawk box." twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. u.s. equity futures are suggesting a positive open. the dow would open 45 points, the dow 6.5. gains of .4% to.5% across the board. now the weather channel's eric fisher with the national forecast. eric? >> hey. good morning, everyone. our stormy weather for today is mainly across florida, in the dry season. st. augustine to jacksonville, the first coast dealing with rain. we've got some moving into the panhandle. and a wide view will show that basically the southeast, t
FOX Business
Dec 11, 2012 9:00pm EST
the fiscal cliff. do you worry, like, inflation is going to come and bite us in the butt one of these days? i mean, there's a lot of moy out there. >> well, i watch that very, very carefully, and i don't think that's an immediate risk. in regard to the fiscal cliff, i think the right thing to do is to let the tax rates go up across the board, just like they agreed to do. i think we ought to have middle income americans as well as high income americans having a reduction of those tax rate cuts we saw. tracy: take more from my paycheck, let the fed put money into the system. does it make sense at the end of the day? shouldn't i keep my money, g out there and spend it and let the fed keep theirs? >> well, that's, you got a good point, and i agree that instabilit and monetary policy is not very effective, and so i' not looking for very much from the fed tomorrow. tracy: no, yao not alone, sir. wayne, former fed reserve governor, thanks for taking the time. >> you're welcom. tracy: all right. well, if you are fired up about this or any of theissues on the program, drop the show an e-
ABC
Dec 11, 2012 6:00pm PST
. >> that would be wonder oofl how much closer to going over fiscal cliff tonight? we'll bring you that story when ke come back. >> a truck driver gets the blame for a fatal amtrak accident if acting just two seconds faster would it not have hatched. >> a hit uc berkeley tonight. a million dollar endowment to help undocumented students make it through college. abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we talked about inside game@ú4d versus the outside gam. the out side game is played for leverage. inside is where real negotiations are taking place. >> in okay gress the american people have be scratching their heads and wondering when is the president going to get serious? >> democrat
CSPAN
Dec 12, 2012 7:00am EST
series on the so-called fiscal cliff. we will look at social security coming up this morning. right now we are asking you the deductions that you would be willing to give up. joy? caller: good morning, how are you? i have an idea that i do not know how popular it will be, but i am not necessarily about giving up something on the tax deduction as much as i am proposing a new idea. that contribution to the presidential fund at the end of your taxes, changing that to say make a contribution to the debt. i would not giving up an extra portion of my tax return to do that. i tend to make contributions to charitable donations. i do not get other deductions. maybe if we look at it differently, it would stop the arguing and bickering back and forth. if we could make a contribution to reduce the debt, i would like to see that change from other things on the table right now. host: what would you do if you heard that the deal included getting rid of mortgage deductions or charitable tax deductions? what would you do? caller, i would have to look at other areas in terms of concessions of how i m
CSPAN
Dec 12, 2012 1:00am EST
bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to rise on the wealthiest. yesterday, it was parker and coburn. today, florida governor haley barbour. he said, "i would take raising rates on the top brackets if, in return, we had tax return." he wants the rates to go up on the top two brackets. as soon as republicans accept reality, middle-class families taxes will not go up. i am confident an agreement can be reached. >> [indiscernible] placeholders and cloture motions? some republicans are saying this is restricting the amendment process, and part of the reason they are threatening to filibuster. why have you chosen to pursues those -- pursue those practices? >> i have explained before, but let me give an example. we have to spend 8 to 10 senate days, a couple of weeks, to get on a bill, because they virtually oppose every time we try to get a bill. that with 10 days. with that 10 days, if we did not have to do that, ther
CBS
Dec 12, 2012 4:00am PST
the mall shooting that left three dead. plus talks from fiscal cliff. we'll hear from nancy employee. >>> and more on the suspensions tossed out. we'll talk with the executive director of the nfl players' association. that and more coming up later on "cbs this morning." that is the news for this wednesday. 12/12/12 by the way, i should mention. appreciate you watching as always. terrell brown in new york city. thank you, everybody. have a great day. -- captions by vitac -- www.vitac.com -- captions by vitac -- www.vitac.com and i'm michelle griego. tis 4:-- the rain is back and with i. some massive tides! here's >>> good morning. it's wednesday, 12/12/12. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. the rain is back and high tides. >> got some showers out there and hi-def doppler is picking up on some of that. you can see some scattered light showers at this time. but more of that on the way, maybe some snow. we'll talk about that coming up. >> here's a live look at the nimitz as you past the oakland coliseum. coming up, we'll talk about roadwork where it could slow you down in just a few minutes. >>> people in portland, oregon are reeling with grief after a shooting at a mall. three pool are
CSPAN
Dec 12, 2012 9:00am EST
boehner on our fiscal cliff that's coming up in just a few weeks. i know that all of us want to see that happen. i think that each of us knows that the very best thing that can happen for the economy in new york or tennessee or anyplace is for us to get this behind us and for businesses to begin this next year knowing that congress and the white house have worked out an arrangement to put this fiscal issue in the rearview mirror. i know that we're moving hopefully -- hopefully what we'd like to do is move not just beyond the fiscal cliff but have a fiscal reform bill in place that's in the $4 trillion, $4.5 trillion range, so that he he -- we can at least for a period of time put this issue in the rearview mirror. madam president, i want to tell you i'm hopeful that that will occur. i know there have been a lot of discussions in our caucus and your caucus about that happening. on the other hand, madam president, it's my understanding that these negotiations really aren't moving along very rapidly. we only have a few weeks left in this year. it's beginning to look like at a minimum if the
CBS
Dec 12, 2012 12:00pm PST
accept to avoid the looming "fiscal cliff." >> i was born with the glass half full. i remain the most optimistic person in this town. but we have some serious differences. >> they have work to do. president obama, house speaker john boehner spoke by phone last night after republicans sent a new deal offer but senate majority leader harry reid isn't very happy about the discussion on the senate floor this morning. reid compared the back and forth between the gop leaders and the white house to the peanuts comic strike where charlie brown tries to kick the football that keeps getting yanked away. >> we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are sometime in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> well, if congress and the white house can't team up and reach a deal by new year's eve, automatic tax hikes and steep spending cuts will take effect which could send the united states back into recession. and clearly
FOX
Dec 12, 2012 4:00am PST
early on capitol hill. will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are
Current
Dec 11, 2012 5:00pm PST
to use the provision certainly as a lever to negotiate. when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and why? we have to have that
CNBC
Dec 12, 2012 12:00pm EST
happen. i think you'll see him extend and see what happens with the fiscal cliff. >> what does the market want to hear from the fed today. jim is chief financial strategist for wells capital management. thanks for coming back. >> thanks for having me. >> what does the market need to hear today? >> well, i think the market is priced right now for the fed to eliminate ot and replace it with qe4 about the same size going forward. i think, if it's different from that, it would have a short-term reaction. that's no doubt. if they just eliminate ot and don't announce anything new, i agree there will be a knee jerk selloff over time. i personally think that i would like to see the fed lean a little more towards giving some credence, if there is a fiscal cliff agreement here, that the economy is getting better and maybe doesn't need as much liquidity. i think a fed that maybe didn't do as much today, maybe did a little less than the market expected, might create a short-term negative but would create a longer term positive as confidence would build, and the feds are more confident in the sustainability of the cycle. >> jim, you're saying the market is not ready yet to stand on its own. >> i think it is. i think th
CSPAN
Dec 12, 2012 12:00pm EST
, people are frustrated by the inability of congress to come together on solving the fiscal cliff, the so-called fiscal cliff. we understand that this needs to be avoided. going off the fiscal cliff could cause a major damage to our economy. if we take no action by january 1, as i'm sure most people are now aware, tax rates will go back for all taxpayers to the pre-bush tax rates. the alternative minimum tax that shields tens of millions of americans from paying extra income taxes will expire and millions of americans will be subject to extra taxes. the unemployment insurance program will come, the extended benefit program will come to a halt, the payroll tax holiday will end and individuals' take-home pay will be reduced. we have a serious problem on medicare reimbursement to our physicians. they would be subjected to a significant cut, close to 30% which would have an impact on seniors and our disabled population having access to physician care. and we would go through what's known as sequestration which is across-the-board cuts to almost all federal programs ranging from 8% to about 10
CBS
Dec 12, 2012 7:00am PST
enough to let us go over this fiscal cliff, and all that entails, even though in the entail immediate days to come it's not d going to be a catastrophe, but oing this is an awful thing if they let this happen and you know it means that everybody's taxes know are going to go up.e going t nothing will be solved and the perception of it around the world is the dangerous part because what it says is we can't says get our fiscal house in order. in >> speaker boehner accuses the accuses th president of slow walking this -walking t process, because he's not not putting forward new spending cuts.ndin but in some ways doesn't the president hold most of the cards because going over the fiscal fisca cliff, everybody's taxes would go up. do you think that >>> the weather looking cloudy appear wet and wet around the bay area. it's going to taper off throughout the day but it's going to stay chilly. in fact, temperatures in the 50s for a high today well below average the things settling down, cold tonight, dry tomorrow, maybe more rain though throughout the weekend. >> announcer: this n >> this national weather repo
FOX Business
Dec 12, 2012 3:00pm EST
beyond the fiscal cliff and budget cuts kick in. even take that out of it, they are just increasingly pessimistic about the future. tracy: you have dodd-frank coming, regulations for which you have to appear. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan stanley will go a deep as citigroup. i think they will do a little bit. we should also point out one other thing, covering 20 years overreacting for 20 years, they cut back and things got better and go crazy hiring so remember the pendulum of false both ways. liz: thank you. i am taking orders for chocolate. the holidays are coming up. >> how old are your kids? 11 and eight. liz: classic. the markets are not ballooning out. the s&p is coming back. the s&p ha has a little bit of green
MSNBC
Dec 12, 2012 11:00am PST
going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. ♪ ♪ i want candy ♪ ♪ i want candy time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carr
CNBC
Dec 12, 2012 6:00pm EST
worries about the fiscal cliff. some stocks can thrive even if leaders can't come to an agreement. eog resources one of the largest and best oil companies in america. in recent years we've seen a whole host of natural gas focused firms trying become more oily. eog has succeeded that puts the rest of its peers to shame. it gets 50% of its sales from crude, up from 33% last year. eog isn't totally hostage to the price of crude. but eog reported beginning november the company raised its 2012 growth production target for oil and natural gas liquids to 3%. third increase this kreempthis . most of that thanks to eog's huge positions in the balkan and -- incredible production growth. if north america ever gets energy independence we will look back at eog as being responsible for that development. eog has given a nice 14% gain since we spoke with the ceo in may. even though it's a few point off its high i think it's pretty darn cheap. on a growth basis. with a 22% long term growth record, rates you don't usually speak of oil companies like a drug company or like a big industrial growth company
Current
Dec 12, 2012 9:00am PST
hour to tell us about the fiscal cliff clayen. jacki schechner healthcare geek. i ahead an article on the hill, we should warn the cockles -- leave medicaid out of the talks. liberals are pressing to take medicate off the table in deficit reduction talks. you talked about this in our last jacki's healthcare corner. >> the medicaid expansion is interesting because part of the way that we're going to get everybody covered is expanding medicaid up to 133% of poverty. that's part of the affordable care act. and the president and the administration are being very strong right now about insisting that states have to follow the law to a t and not be able to implement it incrementally or partially. so not only leave it out of the talk but the administration is holding firm right now and insisting that this medicaid expansion either take place in its entirety or not at all. >> stephanie: i wound up the healthcare bot. >> sorry. [ laughter ] >> stephanie: very good. love you. now here she is putting on her little news hat in the current news center. >> good morning. we'll do some other stuff
CW
Dec 11, 2012 10:00pm PST
this move will affect response times. live in clayton. >> as the fiscal cliff deadline approaches president obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president willing to make as part of the balanced approach that he promised the american people. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> and right now there is no indication the president is willing to compromise on his insistence that tax rates for the highest earners must go up. >> protests over michigan's right to work legislation carried into the night. earlier demonstrators were outside and inside the capitol as michigan's house passed the bill the senate approved earlier. protesters
CNN
Dec 12, 2012 8:00am PST
. january 1st comes along, and we proverbially fall off the fiscal cliff. where will we feel it first? >> it's one thing after another. first thing is the payroll tax holiday. right away the first week you would have less money in your paycheck. people like alicia immediately would lose that check, and there's going to be 2 million people at the end of december who would lose their checks and another million by the end of the first quarter who would lose their checks according to the national employment law project. and your tax rates could go up for everyone. you could pay a higher tax rate, and guys like jeffrey sheninger have to figure out how to change that when you get paid by your company. >> effectively on january 1st we start to feel it if your employer can get their software changed. whether you see it on your check or not, it's going to be there ultimately at some point. bad news and very interesting news at the same time. >> i love her outlook about next year, though. even alicia has a promising outlook on next year. she thinks it will look better, and that is what carries
ABC
Dec 11, 2012 5:30pm PST
fiscal cliff. he said, of his meeting with speaker boehner, "i think the tone was good. i believe both speaker boehner and myself and the other leaders want to see a deal happen." but diane, he did warn that the clock is ticking. >> it is for sure. and i know you're going to have more of this interview, we'll all be watching, tomorrow morning on "gma," tonight on "nightline" and the full interview with the president and with mrs. obama will be airing on a special edition of "20/20" on friday night. >>> and, by the way, on that question of the fiscal cliff, i had an extraordinary conversation today in washington, as well. with a group of people who are making history. it has taken 224 years, but for the first time, a record 20 women will be serving in the united states senate. and today, many of them gathered with me and some of them said women do lead in a different way. and women would have already brokered that deal on the fiscal cliff. >> i think, if we were in charge of the senate, and of the administration, that we would have a budget deal by now. >> reporter: do you all believe t
FOX Business
Dec 11, 2012 8:00pm EST
-- come comment e economy. i do not want us to go off the fiscal cliff, congress created in a bipartisan way this is the result of the last fiscal cliff. neil: both sides agreed. >> i voted against it, it was a bad idea, why create artificial crises to force action. neil: they did. >> now the country -- now they want to do it again, now let's hurt growth in economy, and cut a deal that hurts growth,o from a year from now we'll have a worse fiscal cliff. we have a 16 trillion-dollar debt. these tax increases do nothing to self, you have 200,000 less jobs next year for, that those who vote for that will be held responsible for that decision. neil: is it terrible public policy if you leave off the table. what accounts the majority of spending off the table. if you leave out medicare, and medicaid, and don't even pry to bridge up -- try to bring up social security, 8 democratic members and congressmen marked that, don't touch these entitlements, one of next. ♪ [ gine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter ent back, with the perfect vehicle that's just right for you, no
FOX Business
Dec 12, 2012 11:00am EST
. first, the latest from capital hill. they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation twist. simply because they do not have anyone short-term securities of any significance to sell. they will continue the asset buying programs as a hedge against going over the cliff. connell: all these names that we have become familiar with, you mentioned operation twist and quantitative easing, one, two, three, the speculation about four. basically, easy on it. policy. you are telling us, and a lot of people expect, they are worried about what the fiscal people are doing or not doing. >> they do not have to with interest rates so low. >> well, that is the trade-off. a lot of people t
FOX News
Dec 12, 2012 12:00pm PST
differences and avoid the fiscal cliff. they could be, working all this out behind-the-scenes and will tell us later. they could be. maybe the threat of working through the holidays will get them on the move? that is coming up. and a possibly breakthrough in the high profile murder case that cops call a "hit" job. police now have the get away car. but what about the driver? nounc] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescribed ed treatment is right for you. campbell's has 24 new soups that will make it
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